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August 5, 2010, Thursday

In the spring of 2008, the Denver public school system needed to plug a $400 million hole in its pension fund. Bankers at JPMorgan Chase offered what seemed to be a perfect solution. The bankers said that the school system could raise $750 mil...

July 3, 2010, Saturday

TRENTON -- Stephen M. Sweeney, the president of the State Senate here, glowered with disgust as he described how one New Jersey town paid out nearly $1 million to four retiring police officers for their unused sick days and vacation time. Mr....

March 30, 2010, Tuesday

Multimedia

Roughly 3,700 retired public workers in New York are getting pensions of more than $100,000 a year. The New York Times collected this public information from the state’s two pension funds and four of the five city funds.

With the deficit at record levels, economists are suggesting a value-added tax, a broad tax on goods and services collected at every step along the chain of production rather than solely by the consumer at the end.